The Fiduciary Rule is DEAD! PART 2…
The Fiduciary Rule required that all financial advisors act as a Fiduciary when providing services to ERISA covered retirement accounts. This means that advisors would legally be required to put your interests ahead of their own (NO BRAINER!). ERISA covered plans include IRAs, 401ks, 403bs, and pension plans.
Related: Part 1 : Fiduciary Rule is DEAD
Unfortunately the Fiduciary Rule was vacated by the 5th Circuit Court of Appeals and things are back to status quo.
Whether you’re a business owner, CFO, HR Manager, or just a participant in a retirement plan you need to watch this informative video!
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